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EXHIBIT A <br />Resolution No. 08-181 <br />AUTHORIZED FINANCIAL DEALERS AND INSTITUTIONS <br />The Director of Finance will maintain a list of financial institutions authorized to provide <br />investment services. In addition, a list will also be maintained of approved security <br />broker/dealers selected by credit worthiness, who maintain an office in the State of California. <br />These may include "primary" dealers or regional dealers that qualify under Security & Exchange <br />Commission Rule 15C3-1 (uniform net capital rule). All broker investment transactions require <br />the approval of authorized City staff. No public deposit shall be made except in a qualified <br />public depository as established by state laws. <br />All financial institutions and broker/dealers who desire to become qualified bidders for <br />investment transactions must supply the Director of Finance with the following: audited financial <br />statements, completed broker/dealer questionnaire, and certification of having read the City's <br />investment policy. <br />AUTHORIZED AND SUITABLE INVESTMENTS <br />The City's investment portfolio may include the following instruments: <br />a. Fully-insured or collateralized certificates of deposits (C/D's) of banks and savings and <br />loan associations. <br />b. Negotiable C/D's issued by the top 25 banks or top 15 regional banks. <br />c. Bankers' Acceptances not to exceed 180 days maturity from date of purchase. <br />d. U.S. Treasury Obligations (Bills, Notes, Bonds). <br />e. Securities of the U.S. Government or its Agencies. <br />Al/P1 Commercial Paper not to exceed 270 days maturity from date of purchase. <br />g. State of California Local Agency Investment Fund. <br />h. Passbook Savings Accounts. <br />Medium-term or corporate notes rated A or better. <br />Repurchase agreements collateralized by securities of the U.S. Government or its <br />Agencies. <br />k. Money market and mutual funds whose portfolios consist of government securities or <br />diversified money market securities such as acceptable C/D's, banker's acceptances, <br />agency discount notes, commercial paper, and other full-faith and credit obligations of <br />the U.S. Government or its Agencies. <br />COLLATERALIZATION <br />Collateralization will be required on active and inactive deposits in accordance with Government <br />Code Section 53651, 53651.2, and 53652, which set forth the eligible securities and the <br />required value of the securities to collateralize these deposits. Whenever possible, the City <br />3 <br />